FY2025 EPS Estimate for Teck Resources Decreased by Analyst

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Analysts at Zacks Research lowered their FY2025 EPS estimates for Teck Resources in a note issued to investors on Thursday, October 9th. Zacks Research analyst Team now anticipates that the basic materials company will earn $1.34 per share for the year, down from their prior estimate of $1.37. The consensus estimate for Teck Resources’ current full-year earnings is $1.53 per share. Zacks Research also issued estimates for Teck Resources’ Q4 2025 earnings at $0.29 EPS and Q1 2027 earnings at $0.20 EPS.

Several other research analysts have also weighed in on the company. Benchmark lowered their price objective on Teck Resources from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft upgraded Teck Resources from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Monday, September 8th. Canaccord Genuity Group cut Teck Resources from a “buy” rating to a “hold” rating in a report on Wednesday, October 8th. Stifel Nicolaus assumed coverage on shares of Teck Resources in a research note on Wednesday, July 9th. They set a “hold” rating for the company. Finally, Morgan Stanley lowered shares of Teck Resources from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $42.00 to $44.00 in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $54.00.

Teck Resources Stock Down 4.5%

Shares of NYSE TECK opened at $41.90 on Monday. The company has a 50 day simple moving average of $37.04 and a 200-day simple moving average of $36.58. The company has a market capitalization of $20.13 billion, a P/E ratio of 110.28, a P/E/G ratio of 0.59 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.47 and a quick ratio of 2.45. Teck Resources has a 1 year low of $28.32 and a 1 year high of $51.58.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its quarterly earnings data on Thursday, July 24th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $2.25 billion. Teck Resources had a net margin of 2.51% and a return on equity of 3.91%. Teck Resources’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share.

Teck Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were paid a $0.0918 dividend. The ex-dividend date of this dividend was Monday, September 15th. This is a positive change from Teck Resources’s previous quarterly dividend of $0.09. This represents a $0.37 annualized dividend and a dividend yield of 0.9%. Teck Resources’s payout ratio is 94.74%.

Hedge Funds Weigh In On Teck Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TECK. Union Bancaire Privee UBP SA increased its stake in Teck Resources by 4.3% during the second quarter. Union Bancaire Privee UBP SA now owns 6,402 shares of the basic materials company’s stock worth $259,000 after acquiring an additional 264 shares during the last quarter. Stephens Inc. AR increased its stake in Teck Resources by 4.8% during the second quarter. Stephens Inc. AR now owns 7,189 shares of the basic materials company’s stock worth $290,000 after acquiring an additional 329 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Teck Resources by 69.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 856 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 350 shares in the last quarter. Vontobel Holding Ltd. increased its position in Teck Resources by 0.5% during the 1st quarter. Vontobel Holding Ltd. now owns 88,303 shares of the basic materials company’s stock worth $3,217,000 after purchasing an additional 400 shares in the last quarter. Finally, Assetmark Inc. increased its position in Teck Resources by 2.1% during the 2nd quarter. Assetmark Inc. now owns 20,360 shares of the basic materials company’s stock worth $822,000 after purchasing an additional 415 shares in the last quarter. Hedge funds and other institutional investors own 78.06% of the company’s stock.

About Teck Resources

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.